McDonald's 12-Year Issue
Leads Eurobond Trading

Traders Question
Choice of Maturity

McDonald's launched a 300 million euros ($285.8 million) 12-year bond via Morgan Stanley Dean Witter and Societe Generale, which offered 0.32 percentage point over swaps. Traders said they thought the pricing for McDonald's was fine for a borrower with such strong name appeal that can normally afford to price tightly.